Fibre Converters Foundation Inc 125 East Broadway
- Assets
- $10.3m
- Revenue
- $1.5m
- Investments
- $10.3m
- Employees
- 0
- Location
- Constantine, MI
- Founding
- 12/1957
- Data as of
- 03/2022
- EIN
- 38-6081026
Organization Overview
Fibre Converters Foundation Inc 125 East Broadway is located in Constantine, MI. The organization was established in 1957. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fibre Converters Foundation Inc 125 East Broadway is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Fibre Converters Foundation Inc 125 East Broadway generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $636.9k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Fibre Converters Foundation Inc 125 East Broadway has awarded 77 individual grants totaling $1,364,471. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Stuck Vice President | 1 | $0 | |
James Stuck President | 1 | $0 | |
David Posey Treasurer/secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $610,820 |
| Interest on Savings | $0 |
| Dividends & Interest | $256,268 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $620,757 |
| Capital Gain Net Income | $620,757 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,487,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,500 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,500 |
| Total operating and administrative expenses | $73,795 |
| Contributions, gifts, grants paid | $563,088 |
| Total expenses and disbursements | $636,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,932 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,346,944 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Fibre Converters Foundation Inc 125 East Broadway has awarded $563,088 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
Tulsa, OK PURPOSE: ORU WELCOME CENTER - PAYMENT 2 AND 3 | $425,000 |
Jones, MI PURPOSE: 2021 SUMMER CAMP & EXECUTIVE DIRECTOR RESIDENCE AND HOSPITALITY CENTER | $81,888 |
FOCUS ON THE FAMILY PURPOSE: GENERAL FUNDING 2022 | $20,000 |
Manitou Springs, CO PURPOSE: 2022 SCHOLARSHIPS | $10,000 |
Centreville, MI PURPOSE: ANNUAL CONTRIBUTION | $5,000 |
PREGNANCY HELPLINE OF THREE RIVERS PURPOSE: 2022 GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Unions Chartered In The State Of Michigan Plymouth, MI | $1,253,139,306 | $61,092,324 |
Painting Industry Insurance Fund Strongsville, OH | $10,051,774 | $13,147,287 |
The American Ceramic Society Inc Westerville, OH | $14,880,081 | $7,163,335 |
Museum Of Contemporary Art Cleveland Cleveland, OH | $27,997,238 | $2,174,653 |
Glass City Academy Toledo, OH | $3,212,958 | $2,938,051 |
Pewabic Society Inc Detroit, MI | $5,130,048 | $2,328,763 |
Artprize Grand Rapids Grand Rapids, MI | $1,087,754 | $2,849,118 |
Downtown Toledo Development Corporation Toledo, OH | $1,911,388 | $1,327,098 |
Birmingham Bloomfield Art Center Inc Birmingham, MI | $4,209,000 | $1,197,549 |
Fotofocus Cincinnati Cincinnati, OH | $11,862,912 | $5,313,747 |
Ann Arbor Art Association Ann Arbor, MI | $3,527,483 | $1,787,495 |
Intermuseum Conservation Association Cleveland, OH | $2,305,026 | $921,722 |